PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 June 2020

Trading with Asia's Giants

Trading with Asia's Giants

Chapter:

(p.32)
2 Trading with Asia's Giants

Source:

Emerging Giants

Author(s):

Barry Bosworth

Susan M. Collins

Aaron Flaaen

Publisher:

Oxford University Press

DOI:10.1093/acprof:oso/9780199575077.003.0002

The United States' large and sustained trade deficit with Asia raises concerns in the United States about its competitiveness in the region. In contrast to the current public policy debate, which has focused on imports from Asia, this chapter seeks to examine how the economies of China and India compare as markets for US exporters. The chapter begins by noting that US exports to both countries do appear low relative to the performance of Japan and the EU-15. It examines potential explanations for the weak exports from three different perspectives: (1) the commodity composition of US exports to these economies; (2) the role of multinational corporations in facilitating trade flows; and (3) the use of ‘gravity equations’ to estimate bilateral trade patterns while controlling for a variety of country-specific characteristics.

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 June 2020